IMF proposes tax overhaul in Romania to curb budget deficit

NAMPA / Xinhua

2025-06-06

BUCHAREST, June 6 (Xinhua) -- The International Monetary Fund (IMF) is recommending broad tax reforms in Romania, including higher VAT, excise duties, and dividend taxes, alongside lower labor taxes, to help reduce the country's growing deficit, which reached 8.65 percent of GDP in 2024. In a report released Friday, the IMF recommends shifting the tax burden from labor to consumption and capital, introducing a two-tier income tax system at 15......

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